DMP Without partner knowing??...

bert666

HI Guys,

Firstly, apologies if this has already been asked and answered, I have done a brief search but couldn't find anything..?

Anyway, what I would like to know is if I can start a DMP for my debts but not necessarily include my husbands? We both have about 10k (GBP) of debt each but whereas he is working/ earning and happy for it to be paid off 'whenever' I'm currently at university so not earning a lot and would just like the peace of mind of knowing that my portion of the debts are being paid.

My husband earns quite good money on paper (as we all know, the reality is different but hey ho!) so would a DMP company have to take him into account at all or could they just sort me out completely independently of him??..

Any help/ advice gratefully received and Thank you in advance

Primavera_2

Hi there. I'm guessing that as you are married and currently living together, it would mean that you both are financially linked. Is the debt in both of your names or is your portion of the debt in your name only? I think that if you go down the DMP route they may ask you to provide your husbands income also.

I'm not an expert by any stretch, so hopefully someone will be along shortly to confirm this.

bert666

Thanks v much for replying Primavera. We each have our own debts (credit cards... yuk!) so they are each in our own names.... ??

Grumpelstiltskin

Bert before you go any further I hope you are not thinking about going with one of the fee charging companies?

bert666

haha... No, I've read a few past posts on here and know the feelings about the fee-charging places!! I shall only be trying CCCS or Payplan!!

Grumpelstiltskin

You say the debts are seperate but are you financially linked at all? Do you have a joint current account or a joint mortage for example?

bert666

Yeah- we have a joint mortgage but we don't live in that house. My husband is in the military so we are in a married quarter and let our house out- we do have to top up the mortgage every month though so it's not exactly a money making venture but in this climate we just can't sell the house :0(

We do have a joint current account where both our money goes in to (when I'm working that is!) and where everything comes out of. Does that help Grumpelstiltskin?...

Grumpelstiltskin

Bert yes it helps me but it won't help you. As soon as you start a DMP paying less than the 'normal' amount then companies will issue defaults and sooner or later your husband will find out.

Also are you prepared to live a lie? Only you can answer that one.

sickasachip13

Is it that you don't want your husband to know or are you trying to 'save' his credit history by not putting his debts in too?

Anyhow, it has been asked before and from what I remember the general take was that in a DMP, all debts have to be included, but unless they are joint debts (ie credit cards / loans etc in both names) you could have a DMP of your own.

You could ask the CCCS advisors - you can find them in a thread at the top of this forum (DFW) it's a sticky thread called something like: struggling with debt? ask a debt advisor a question.

SAAC

bert666

Oh, the problem doesn't necessarily stem from me 'lying' to him as such- it's more that I wanted to see if I could get on top of my debts without involving him, ie, without him having to do anything with his debts (if I can't persuade him, I don't know who can ;0)) if he doesn't want to. Also, I wanted to see if an agency would take his seemingly 'good' pay into account if it was just my debts- does that make sense?

You mentioned something in your post that I'm unsure about though... You said that when you start a DMP the companies will issue default notices? I'm probably just being naive/ daft here but I assumed that the point in going through a company like this was so you didn't have defaults issued? Sorry if I'm asking a really daft question but I'd rather have all the facts now at the outset rather than finding out something important months/ years down the line!

bert666

sickasachip13 wrote: »

Is it that you don't want your husband to know or are you trying to 'save' his credit history by not putting his debts in too?



SAAC

YES!! Thanks Sickasachip, that's the primary reason why I don't want to involve the hubby! I posted a reply to Grumpelstiltskin at the same time as you posted this, but yep it's not that I want to lie to him, I just don't want to involve him if he doesn't want to be involved!